Female-founded semiconductor AI startup SixSense raises $8.5M
SixSense offers an AI-powered platform that helps chip makers prevent defects. It landed backing led by Peak XV’s Surge (formerly Sequoia India & SEA).
Category: AI
Amazon CEO wants to put ads in your Alexa+ conversations
Andy Jassy’s description of an AI-generated ad that Alexa+ delivers in a multistep conversation, which could help users find new products, is uncharted territory for Amazon and the broader tech industry.
Reddit revenue soars as it bets on AI and advertising
Reddit reported its Q2 earnings, and it’s clear that its focus on AI has ramped up significantly.
Apple plans to ‘significantly’ grow AI investments, Cook says
Apple is open to M&A to accelerate its AI strategy, and says it’s made seven acquisitions this year so far.
Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI’s
Anthropic holds 32% of enterprise LLM market share by usage. This is a sharp reversal from just two years ago when OpenAI held 50%.
GitHub Copilot crosses 20 million all-time users
One of the most popular AI coding tools on the market added five million users in the last three months.
Kleiner Perkins-backed Ambiq pops on IPO debut
The 15-year-old chipmaker saw its shares climb 61% above its IPO price by the close of its first trading day.
Zuckerberg says people without AI glasses will be at a disadvantage in the future
Mark Zuckerberg really believes AI glasses will be the ideal way to blend the physical and digital worlds together.
Meta to spend up to $72B on AI infrastructure in 2025 as compute arms race escalates
Meta is pouring money into the physical and technical infrastructure needed to scale its AI ambitions. The company said Wednesday in its second-quarter earnings report that it plans to more than double its spend on building AI infrastructure – like data centers and servers.
“We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $66-72 billion…up approximately $30 billion year-over-year at the midpoint,” Meta said.
Zuckerberg: AI increased the time spent on Facebook and Instagram in Q2
Overall, Meta estimated that over 3.4 billion people used one of its “family of apps” on a daily basis.